Grain and soy futures prices firmed in rather active overnight trade, and a similar pattern followed in the day session. Shrinking spring wheat production and low protein HRW are sending users on a hunt for supplies and elevating protein premiums. General Comments Grain and soy futures prices firmed in rather active overnight trade. The market was surprised that the weekly corn and soybean crop condition ratings did not improve given last week’s rains. Good/excellent corn stayed at 67 percent, while good/excellent soybeans dropped a point to 66 percent. That 1 percent decline was due in part to the 9 percent drop in South Dakota’s soybean ratings. The lack of improvement plus indications from weather models that the intense ridge of high...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.